South Africa's fiscal policies lifted 3.6-million people out of poverty in 2010/11, a World Bank report has found. The South African Economic Update, released on Tuesday, found South Africa's fiscal policies are cutting the rates of poverty and inequality, and that...

Frozen potato chips safeguard On July 25, the South African Revenue Service (Sars) imposed a final (definitive) safeguard on frozen potato chips (or French fries), classifiable under tariff subheading 2004.10.20, through two Government Gazette notices. The safeguard...

Dual listed OceanaGold has completed a plan of arrangement for TSX-listed Pacific Rim Mining, after the latter company’s shareholders voted in favour of the move.
Last month, OceanaGold announced its plans to acquire all the common shares of Pacific Rim by trading...

Copper prices will not suffer significantly from what is expected to be a modest global surplus next year, the CEO of the world's No 1 producer of the metal told Reuters on Tuesday.
"We're expecting that we'll surely have a small metal surplus, but at relatively...

Dual listed OceanaGold Corporation has launched a takeover of TSX-listed Pacific Rim Mining, to gain hold of the El Dorado gold project, in El Salvador.
OceanaGold plans to acquire all the common shares of Pacific Rim by trading 0.04006 of a share for each Pacific...

National Treasury issued a media statement on July 5 extending an invitation to interested parties to submit comments by August 5 on the Draft Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill 2013.

Toronto-listed gold producer OceanaGold had entered into a private placement with fellow-listed explorer Pacific Rim Mining (PacRim), which would see OceanaGold pay a 25% premium for a portion of PacRim’s shares.
PacRim, which is developing the high-grade El Dorado...